Pax Dollar Trading 0.3% Higher This Week (USDP)

Pax Dollar (USDP) traded 0.2% higher against the dollar during the 1-day period ending at 15:00 PM E.T. on August 23rd. One Pax Dollar token can now be bought for about $1.00 or 0.00001573 BTC on cryptocurrency exchanges. Pax Dollar has a total market cap of $108.83 million and $2.09 million worth of Pax Dollar was traded on exchanges in the last 24 hours. In the last seven days, Pax Dollar has traded up 0.3% against the dollar.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• IOTA (MIOTA) traded up 4.4% against the dollar and now trades at $0.15 or 0.00000230 BTC.
• Creditcoin (CTC) traded up 6.1% against the dollar and now trades at $0.46 or 0.00000718 BTC.
• Electroneum (ETN) traded up 1.7% against the dollar and now trades at $0.0019 or 0.00000003 BTC.
• Verasity (VRA) traded up 3.9% against the dollar and now trades at $0.0030 or 0.00000005 BTC.
• Meter Governance (MTRG) traded up 6.6% against the dollar and now trades at $0.54 or 0.00000854 BTC.
• The Transfer Token (TTT) traded 0.3% higher against the dollar and now trades at $0.0060 or 0.00000010 BTC.
• SOLVE (SOLVE) traded up 18.3% against the dollar and now trades at $0.0127 or 0.00000020 BTC.

Pax Dollar Token Profile

Pax Dollar (USDP) uses the hashing algorithm. It was first traded on September 10th, 2018. Pax Dollar’s total supply is 108,532,033 tokens. Pax Dollar’s official message board is medium.com/@paxosstandard. Pax Dollar’s official website is www.paxos.com/usdp. Pax Dollar’s official Twitter account is @paxosstandard and its Facebook page is accessible here.

According to CryptoCompare, “Pax Dollar (USDP) is a stablecoin pegged to the US dollar, created by Paxos. It provides stability in the volatile cryptocurrency market and serves as a medium of exchange, store of value, and hedging tool. USDP is widely used for transactions, trading, and investment purposes.”

Buying and Selling Pax Dollar

It is usually not presently possible to buy alternative cryptocurrencies such as Pax Dollar directly using US dollars. Investors seeking to acquire Pax Dollar should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Pax Dollar using one of the aforementioned exchanges.

USDP/USD price chart by TradingView